Enter multiple symbols separated by commas

WellPoint Posts Higher Quarterly Profit

WellPoint reported higher first-quarter profit on Wednesday, helped by gains in membership.

Net income rose to $783.1 million, or $1.26 per share, from $731.8 million, or $1.09 per share, a year earlier.

Analysts on average expected $1.26 a share, according to Reuters Estimates.

Through acquisitions, WellPoint has grown into the largest U.S. health insurer by membership, but investors are worried that the market for employer-based health-plan enrollment is flattening and that competition will force insurers to cut their pricing.

WellPoint shares have climbed about 5% this year, outpacing the stock performance of rivals UnitedHealth Group and Aetna .

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.